"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824

Friday, December 25, 2015

Many blessings to all this Christmas day!"And there were in the same country shepherds abiding in the field,
keeping watch over their flock by night. And lo, the angel of the Lord
came upon them, and the glory of the Lord shone round about them: and
they were sore afraid. And the angel said unto them, 'Fear not: for behold, I bring unto you good tidings of great joy, which shall be
to all people. For unto you is born this day in the City of David a
Savior, which is Christ the Lord. And this shall be a sign unto you; Ye
shall find the babe wrapped in swaddling clothes, lying in a manger.'
And suddenly there was with the angel a multitude of the heavenly host,
praising God, and saying, 'Glory to God in the highest, and on earth
peace, good will toward men.'"

That's what Christmas is all about, Charlie Brown.

Linus Van PeltAnd one that everyone should know - Merry Christmas and happy holidays to all here at STB!

Thursday, December 24, 2015

Merry Christmas Eve. I will prolly check in at some time today, but that's about it. Got family Xmas stuff most of the day. My fav (if you have not figured that out by now) - “And the Grinch, with his Grinch-feet ice cold in the snow, stood
puzzling and puzzling, how could it be so? It came without ribbons. It
came without tags. It came without packages, boxes or bags. And he
puzzled and puzzled 'till his puzzler was sore. Then the Grinch thought
of something he hadn't before. What if Christmas, he thought, doesn't
come from a store. What if Christmas, perhaps, means a little bit more.”
―
Dr. Seuss,
How the Grinch Stole Christmas!Have a great Xmas eve!GL and GB!

Thank goodness exam week ends today and the kids are finally done with school for a while. This dad's review subjects are ancient history, algebra and biology - mom gets the balance. LMAO, could you imagine me trying to teach my kids English? Ha, you ought to be able to laugh about that one the rest of the day. Just read this - it may be about to blow up in their face or maybe not - I've remained bearish and will will the end at this point. It will take something extraordinary to get me to change my mind on that (like divine intervention) so get used to it (if ur not already). Explaining Today's "Massive Stop Loss" Quad-Witching Market Waterfall: Why 2000 Must Be Defended At All CostsOn to the lie -

SPX 60m - For now, take that HnS that formed yesterday and target it out to 2020 (which could fall to the round number to that dreaded 1900 critical support). Remember, when everyone heads for the gates, they all go at once.

Freedom watch - They are our creation, been telling you that for years - ISIS, Al Qaeda And The CIA: The Documented ConnectionChristmas - “They are Man's and they cling to me, appealing from their fathers. This
boy is Ignorance and this girl is Want. Beware them both, and all of
their degree, but most of all beware this boy for on his brow I see that
written which is Doom, unless the writing be erased.”
―
Charles Dickens,
A Christmas Carol

Thursday, December 17, 2015

They are destroying us, the consumer, the citizen. That's all there is to it. They are going to squeeze every ounce of life out of us (literally - eugenics UN), and then the enslavement comes with the socialist/fascist takeover. Sounds ridiculous, but that's where we're headed. On to the lie -

I would not get too bullish after the Fed's major hawkish move (that could have been the STB "event"). I'm pretty ticked off right now about this whole situation and may take the rest of the week to clear my head. SPX 60m -

“And the Grinch, with his Grinch-feet ice cold in the snow, stood
puzzling and puzzling, how could it be so? It came without ribbons. It
came without tags. It came without packages, boxes or bags. And he
puzzled and puzzled 'till his puzzler was sore. Then the Grinch thought
of something he hadn't before. What if Christmas, he thought, doesn't
come from a store. What if Christmas, perhaps, means a little bit more.”
―
Dr. Seuss,
How the Grinch Stole Christmas!More to come below.Have a good day.GL and GB!

Wednesday, December 16, 2015

Gonna have to work on my "never say never" speech I give to the children. I believe in a few hours I'm about to get another example of why you never say that (esp in a corrupt Fed dominated world). Even when it is the most idiotic, irresponsible, unfathomable incident - one that is big enough to destroy trillions in wealth and possibly take down the global economy sending millions more into poverty - you just can't ever say 'never'. How quickly this lasts? Well, imo, the market is reacting positively to this event cause they know it will bring QE. The ultimate bad=good scenario.Global Stocks, US Futures Greet Historic Fed Day With Euphoria http://www.zerohedge.com/news/2015-12-16/global-stocks-us-futures-greet-historic-fed-day-euphoriaOn to the lie -SPX 60m - Prolly the best chart for a day that can go either way.

Freedom watch -not todayChristmas -

'The main reason Santa is so jolly is because he knows where all
the bad girls live.'
George Carlin (1937-2008), American stand-up comedianMore to come below.Have a good day.GL and GB.

Tuesday, December 15, 2015

Oil is getting crushed, HY is blowing up and the Fed is in their meeting. Not much else to say. On to the lie - SPX 60m - Backtest of 2052 and then failure would be pretty cool. I mentioned yesterday that if the Fed stays true to form, the lower support of this falling megaphone will be broken and a severe falling wedge will form. The problem here is we're only looking at smaller patterns that are limited in price and scope. The larger pattern has yet to reveal its self except for one thing which is in the monthly chart below - ultimate black support.

SPX Monthly -Everything here screams that the long term major (prolly multi decade if not forever) top has set. So, you need to think about this for a second - logically with a clear head - If stocks are at all time highs and seriously will never have the chance to get this lofty ever again in your lifetime, then why are you not selling everything? This is basic shit, stocks 101, buy low, sell high.

"A group of four young computer experts who call themselves VandaSec have
unearthed evidence indicating that at least three ISIS-supporting
accounts can be traced back to the DWP's London offices."

Christmas -

"I wear the chain I forged in life," replied the Ghost. "I made it link
by link, and yard by yard; I girded it on of my own free will, and of my
own free will I wore it.”
―
Charles Dickens,
A Christmas Carol

Monday, December 14, 2015

"Yup: such as QE4 and NIRP, which are inevitable, but which the Fed wants
to "hike" rates first just so it has the alibi to unleash even more
easing."

Not sure how long I've been calling for it. At least some are starting to see it for what must happen before the ultimate collapse. I'll say it again - After the announcement of the next QE run like hell. Don't be greedy. Don't wait for the run up and try to time the top. Just friggin run.

And remember this

"Actually, there is one time when the Fed waited this long to tighten
conditions, in fact waited too long: the economy was already in
recession. That was back in 1936. What happened next was the second part of the Great Depression and a 50% collapse in the Dow Jones."

And, OBTW, the HY problem ... it's real. On to the lie -

SPX Daily - Round number to 1990 are lower support for the middle consolidation area. Also potential large RS is set for the ultimate collapse.

“Men's courses will foreshadow certain ends, to which, if persevered in,
they must lead," said Scrooge. "But if the courses be departed from,
the ends will change.”
―
Charles Dickens,
A Christmas CarolMore to come below. Have a good week. Gl and GB!

Friday, December 11, 2015

You know the drill, share the love and the knowledge. If you see it, share it. I will as well. Should be an interesting weekend and even more interesting week next week. Gonna be some real fireworks when Grandma makes her call.

Yes, the Fed is going to raise rates into this - Dow Dumps Over 300 Points From Thursday Highs After IEA Warns Oil Glut To Worsen - uh, OK. IF you think the markets are tanking cause the oil route, think again. Everyone is looking for any excuse to get out, any excuse. I've been saying it for years now, when they exit, they will all try and get out at once. From one of my favorite all time experts whose been ahead of me on this credit destruction and doom cycle since the 90's (he's the first financial expert I ever thought spoke the truth and saw reality for what it was - he put me on this train I conduct many years ago) - Jeremy Grantham Urges "Easily Manipulated" Americans To "Become More Realistic" About World's DemiseOn to the lie - SPX 30m - Looking like we had a breakdown of the consolidating gray wedge to lower support and then a backtest of busted support and this morning the follow through collapse to take out all NT support - all happening under the key 2064 s/r area. We had two scenarios Wednesday - glad my bearish lean was correct.

Daily SPX - Perspective and the potential HnS I've been showing for months - works rather well with a Grandma disappointment next week.

Well, someone I know the moment this happened told you what to expect (lies) and just how bad it would be - TEPCO Admits Fukushima Radiation Leaks Have Spiked Sharply this is the most dangerous threat to the globe besides thermo nuclear war. Christmas note - Don't be a Charlie Brown - "Charlie Brown, you're the only person I know who can take a wonderful
season like Christmas and turn it into a problem. Maybe Lucy's right. Of
all the Charlie Browns in the world, you're the Charlie Browniest. "
More to come below. Have a good weekend. GL and GB!

Thursday, December 10, 2015

Gotta give props to Souper. The Grinch that quietly reminds us that he knows nothing (who is our resident bond guru IMO) has been warning us quietly and in his own classic style that this was coming - Something Did Blow Up In Junk. So that's apparently what broke yesterday and sent everything tumbling.

Grandma is coming to town next week - this is all that matters. On to the lie -

SPX 30m - Yesterday I presented a consolidation scenario with potential to break out into a rising or falling channel. Was yesterday and underthrow of the recent triangle or did support for the move up case fail?

Freedom watch - It will prolly happen here one day, just take notes and have concern - "China's Warren Buffett" Guo Guangchang DisappearsJust own it, physical that is - right now you should be trimming your investment portfolios and getting some cash out - all the way out into your home safe and converting that into physical gold, silver or anything - just trade your worthless paper for something tangible - The Screaming Fundamentals For Owning GoldChristmas note - More to come below. Have a good day. GL and GB!

Tuesday, December 8, 2015

Told ya I was bearish. If they want to protect the dollar they have to sacrifice something. This could really be the start to the final paragraph of this horror story. They can't protect the market and the dollar. They can survive without the market but not the dollar. Fed survival I mean. Screw the country (that's just how ignorantly sick these bastards are). Syria is a big deal with US bombing Assad, Turkey moving uninvited troops into Iraq, Russia in the middle with Iran and Iraq supporting Assad, with the US supporting ISIS and the rest of the world trying to eliminate ISIS - you try and untie the knotted mess this is and tell me how you think this is going to turn out? On to the lie -SPX 5m - Well with the futures off 22 points this chart's not gonna be much good.

SPX Daily - Three consolidation areas. ATH to 2064, 2064 to 1990 and 1990 to 1870. Price appears to have fallen into the mid-range where 2064 will now be resistance (with the 200dma) and your low potentially is 1990. Looks like 100dma is your floor near term at 2033. Watch this number carefully.

Monday, December 7, 2015

Wait a second, we're fighting ISIS, right? Then why Assad Slams US Bombing Of Government Troops As Turkey Accuses Russia Of Violating Montreux Treaty?Oh, never mind. Bottom line is we still want Assad out and ISIS is our proxy. Russia and Iran want Assad in, so they are pummeling ISIS with NATO allies France and the UK. Turkey is selling ISIS oil, and we're facilitating it. Turkey has invaded Iraq who no longer wants our assistance with anything. Iran and Iraq are somehow now BFF's. Things are about to get real.

Then throw in China getting in the SDR game and now you have this - On the Fed - you need to read this -Why the Fed Has to Raise Rates. Simple, easy to understand and I believe pretty accurate. But then again read this for the disaster it will enable - "The Fed Doesn't Get It" A Rate-Hike Means People "Will Be Carried Out On Stretchers".Pretty simple, as we've discussed for years, protecting the WRC status, the almighty dollar, is what it's all about. They are about to destroy everything not to protect the country or for democracy or any of the standard BS reasons they give - they are about to destroy everything for the Fed's survival. On to the lie - SPX 60m - IMO, things don't look good.

And the Christmas message today - George Bailey "Dear Father in heaven, I'm not a praying man, but if you're up there and you can hear me show me the way... show me the way." More to come below. Have a good week. GL and GB!

"to push rates by a paltry 25 bps, the smallest possible increment, what
the Fed will have to do is drain up to a whopping $800 billion in
liquidity!"

It appears Draghi and Grandma are coordinating things leading into the coming rate hike. Granny magically got the jobs number she needed this morning after somehow managing to 'hit' the Fed's employment target. It looks like my 'never' call is gonna be a miss at this time. This is not good for everyone. It's actually a disastrous decision. More on that next week. Like I have said for years, "do the math". Impossible is not a word that does our dire situation justice.

Wait, what if they don't hike rates? What if they are setting up the nastiest short squeeze we've seen and at the same time double crossing Draghi? Just a possibility, but we all know they can't let the market fall. Fall it will if they hike. Risk ON becomes Risk OFF, and everyone is looking for any reason to exit. Flash crash? LOL, more like flash week. I'm gonna hang on to my 'never' call till the end. On to the lie -

SPX Weekly - for those looking for potential perspective (down that is).

Thursday, December 3, 2015

Well, everyone expected moar easing, but all they got was a lump of coal from Draghi. That's all there is to it. Promise the moon, hint at potential easing and the markets soar on a lie or clever misdirection. They never have to put their money where their mouth is. There is no punishment for not delivering the goods and being a Grinch. Why? Cause the potential exists for them to ease at any time they desire in the future, so everyone hangs around soaking up the hopium acting like idiots. Risk ON is the only game in town. On to the lie - SPX 60m - Possible black rising channel within the larger blue rising channel that formed after the wedge breakdown to support yesterday. All protecting this 80 support area. The upper 1/3 consolidation area is in tact (floor 2064). It's hard to be on either side of the trade right now. Christmas ramp, rate hikes, potential easing, terrorist attacks, WWIII potential, way overbought markets, China SDR, fake recovery/depression, liquidity lies, HFT, the list is long and there is absolutely zilch supporting upside (in reality) but markets continue to threaten new ATH's. Go figure.

"And his fib fooled the child. Then he patted her head, he got her a
drink, and he sent her to bed. And when Cindy Lou Who was in bed with
her cup, he crupt to the chimney and stuffed the tree up. Then he went
up the chimney himself, the old liar, and the last thing he took was the
log for their fire. On their walls, he left nothing but hooks and some
wire. And the one speck of food that he left in the house was a crumb
that was even too small for a mouse. Then he did the same thing to the
other Whos' houses: leaving crumbs much too small for the other Whos'
mouses!"

Wednesday, December 2, 2015

Grandma and rate hikes - that's all there is to speculate about for the next 12 days or so. Get used to it. On to the lie- SPX 60m - Neg divs building into the end of the rising wedge - possibly just in time for Grandma to disappoint.

Tuesday, December 1, 2015

Not sure there will be much for me to say up here this week. The rate hike debate is coming (again). Of course it's an economic issue, not a political one - Could an 'accident' by Janet Yellen derail Clinton?Turkey and Syria are the real deal. Putin is really messing up the US plan to overtake Assad and control the flow of MENA oil headed north. As noted, the CIA's ISIS experiment grew a mind of its own, and they lost control of their subjects. This has seriously damaged their best laid plans and will leave them to retool their mission plans (they are not about to stop). This could lead to a far worse confrontation or serious escalation between the superpowers. One more 'slip up' and it could be game on. On to the lie -

I should start discussing not only the removal of profits from your brokerage accounts (all the way out of the system) but your capital as well sooner than later. SPX 60m - Consolidation above 2064.

“Then the Grinch thought of something he hadn't before! What if
Christmas, he thought, doesn't come from a store. What if
Christmas...perhaps...means a little bit more!”
―
Dr. Seuss,
How the Grinch Stole Christmas!More to come below.Have a good day.GL and GB!

About Shanky

I am a former financial professional that blogs for fun. I enjoy sharing my thoughts with others on my blogs. I hold nothing back and apologize for the foul language in advance, but dire situations require accurate descriptions. Please feel free to contact me with your thoughts or tips at the email address provided. Enjoy!

DISCLAIMER
You are a complete bonehead if you take and act on any of the advice given on this blog. You need to have your head examined if you solely rely on others telling you what to do and do not do your own homework. This is fun for me and should not be construed as investment advice. If you think it is, DON'T! Enjoy!
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